Company Registration No. 06262079 (England and Wales)
Essex Auto Care Limited
Unaudited accounts
for the year ended 31 May 2023
Essex Auto Care Limited
Unaudited accounts
Contents
Essex Auto Care Limited
Company Information
for the year ended 31 May 2023
Directors
Steven Tomlinson
Bradley Tomlinson
Zoe Tomlinson
Secretary
Steven Tomlinson
Company Number
06262079 (England and Wales)
Registered Office
Unit 7 Lakes Industrial Park
Lower Chapel Hill
Braintree
Essex
CM7 3RU
Accountants
Accounting Solutions Anglia Ltd
13 Cornflower Road
Jaywick Sands
Clacton on Sea
Essex
CO15 2RZ
Essex Auto Care Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
(5,284)
(3,821)
Creditors: amounts falling due within one year
(11,476)
(11,877)
Net current liabilities
(15,960)
(14,898)
Total assets less current liabilities
(15,495)
(14,279)
Creditors: amounts falling due after more than one year
(15,469)
(12,096)
Net liabilities
(30,964)
(26,375)
Called up share capital
1
1
Profit and loss account
(30,965)
(26,376)
Shareholders' funds
(30,964)
(26,375)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Steven Tomlinson
Director
Company Registration No. 06262079
Essex Auto Care Limited
Notes to the Accounts
for the year ended 31 May 2023
Essex Auto Care Limited is a private company, limited by shares, registered in England and Wales, registration number 06262079. The registered office is Unit 7 Lakes Industrial Park, Lower Chapel Hill, Braintree, Essex, CM7 3RU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
Fixtures & fittings
20% on Cost
Computer equipment
20% on Cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Essex Auto Care Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
12,603
3,222
368
16,193
At 31 May 2023
12,603
3,192
368
16,163
At 1 June 2022
11,986
3,221
367
15,574
Charge for the year
154
-
-
154
At 31 May 2023
12,140
3,191
367
15,698
At 31 May 2023
463
1
1
465
At 31 May 2022
617
1
1
619
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,128
3,726
Obligations under finance leases and hire purchase contracts
822
822
Trade creditors
5,664
5,149
Taxes and social security
-
492
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
4,175
12,096
Loans from directors
11,294
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).